Russia oilseed stocks are up 23.5% year-on-year.
Ram Gopal Yadav (9 years ago)

As of August 1, 2017, Russian growers held 440.8 KMT of oilseeds, or 84 KMT (23.5%) more than at the same time last year (356.8 KMT). Oilseed stocks decreased 75.9 KMT in July. Grower sunseed inventories totaled 176.1 KMT, or 25.8 KMT (17.2%) more than at the same time last year (150.3 KMT). Sunseed stocks decreased 113.5 KMT in July.

Rajkot Tur dal prices improved due to short supply.
Ram Gopal Yadav (9 years ago)

Market delivery prices of food grains and pulses at Rajkot in India western state of Gujarat opened on a mixed trend. Bajri prices eased due to low retail demand. Tur Dal prices improved due to short supply. Arrivals-transactions at market yard are low. It resumed after 10 days as commission agents called off their strike.

NCDEX Chana futures slide 2.48% on weak demand.
Ram Gopal Yadav (9 years ago)

Chana prices were traded lower by 2.48 per cent in futures market as speculators reduced their exposure, driven by easing demand in the spot market against adequate stocks. At the National Commodity and Derivatives Exchange, chana for delivery in September moved down by Rs 157, or 2.48 per cent. Cutting down of positions by traders owing to subdued demand in the physical market against enough stock position primarily led to the decline in the chana prices.

India OKs tur import from Myanmar.
Ram Gopal Yadav (9 years ago)

India, which had capped import of tur at 200,000 tonne earlier this month, has now relaxed the curbs for tur consignments coming from Myanmar for which advance payments had been made prior to the restriction. Tur import consignments from Myanmar for which advance payments were made before Aug 5, and invoices and payment documents have been authenticated by the Myanmar government and banks, allowed to come in despite the import cap. The relaxation comes as a relief to Burmese pulses exporters, which have sold large quantities of tur to India. On Aug 5, India had capped import of tur at 200,000 tonne per annum to check the fall in local prices following a bumper harvest of pulses in 2016-17. The import cap, in effect, was a ban on further imports of tur, as India had imported close to 250,000 tonne of tur during Apr-Jul. The import restrictions on tur are not applicable to imports under bilateral trade agreements.

Uttar Pradesh mills 2016-17 cane arrears 18.3 billion rupees.
Ram Gopal Yadav (9 years ago)

Sugar mills in Uttar Pradesh owed around 18.34 billion rupees to cane farmers as of Tuesday for the season that started Oct 1. So far in 2016-17 (Oct-Sep), mills have paid cane farmers 235.53 billion rupees, out of the total amount of 253.87 billion rupees owed this year. Mills across Uttar Pradesh also owed 3.28 billion rupees as interest on arrears to be paid to sugarcane farmers as of Tuesday. Sugar mills in Uttar Pradesh have collectively paid 99.9% of the total dues worth 206.46 billion rupees for 2014-15, while some private mills are yet to clear arrears of 270.30 million rupees for the year.

Kolhapur sugar prices down on stock cap imposition.
Ram Gopal Yadav (9 years ago)

Prices of sugar fell in the key wholesale market of Kolhapur, as implementation of a stockholding limit on mills dampened sentiment. As the stock limits are going to come into effect, mills are quoting lower prices to offload their stocks.

India Cooperative sugar mills oppose move to impose stockholding restrictions.
Ram Gopal Yadav (9 years ago)

Cooperative sector sugar mills across the country have stated that the impact of the stock limit will dampen the cooperative sugar sector. The National Federation of Cooperative Sugar Factories (NFCSF) has expressed concern that the decision to impose stock limits is likely to result in dropping the ex-mill realization below the current levels of Rs 3,650 per quintal in addition to GST and this may adversely affect the timely cane payment to farmers across the country. The food ministry has imposed limits on stocks sugar mills can hold during September and October, in a bid to discourage hoarding and curb any potential price rise during the festival season.